2. ISTITUTIONS AND THEIR FORMATION INTO AN ECONOMIC SYSTEM 1. lecture COMPARATIVE ECONOMICS AND ECONOMIC INSTITUTIONS 1. The subject matter and the theoretical framework of comparative economics 2. What do we mean by institutions? 3. Institution and organization 4. The stability and changing of institutions
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4. The theoretical framework of comparative economics Mainstream economics institutional economics Basic institutions coordinating mechanisms and the forms of property Comparative economics is quite close to international economics and to world economics. The framework of the nation states Globalization The system paradigm it provides the perspectives and the theoretical framework of comparative economics
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10. Example for the necessity and the development of an institution Caller calls Caller waits Receiver waits Receiver calls The continuation of a disconnected call Good for both Bad for both Bad for both Good for both
